Speechly Bircham has unveiled its financial results for the 2013/14 year, with preliminary figures showing that revenue was down slightly by 1.2% to £56.8m while net profit stands at £11.8m and profit per equity partner (PEP) rose 5% to £312,000. Continue reading “Financial results 2013/14: Speechly unveils 1% revenue drop to £56.8m with PEP up 5%”
The partnerships of Speechly Bircham and Charles Russell have today (16 July) voted ‘overwhelmingly’ in favour of a merger that will create a firm with 170 partners, a total of 500 lawyers, and combined revenues of £135m, elevating the combined entity into the top 30 of the LB100. The new firm will be called Charles Russell Speechlys.
Speechly Bircham is getting closer to closing its sought-after merger, as its partners and those at Charles Russell are voting today (16 July) on a union that would elevate the combined firm into the top 30 of the LB100.
Speechly Bircham is trying its hand once more at finding a merger partner as the firm last month announced it is currently in talks with fellow Legal Business 100 firm Charles Russell, a deal that would place the combined firm in the top 30 of the LB100.
A joint statement released by both firms on 21 February said: ‘City law firms Charles Russell and Speechly Bircham have confirmed that they are in preliminary talks about a potential merger between their two firms.
LLP latest: Speechly points to owed client fees for fall in profits as Ashurst and Hill Dicks also post profit drop
Private-client focused Speechly Bircham has become one of the latest LB100 firm to post its limited liability partnership (LLP) accounts at Companies House, blaming its near-double digit drop in profits on fees due from one client despite overall cash collection having improved.
The top 60 firm, which revealed a broadly flat revenue, down 0.9% to £57m from £57.6m for the 2012/13 financial year, saw a 9% pre-tax profit slide to £18.4m from £20.1m. Continue reading “LLP latest: Speechly points to owed client fees for fall in profits as Ashurst and Hill Dicks also post profit drop”
The burgeoning Paris market has drawn in another UK name as Speechly Bircham opens in the City while UK IP firm Rouse expands into Myanmar alongside new South East Asian entrant Tilleke & Gibbins, which has also launched in Indonesia and Laos.
Its fourth new European office in two years, UK top 55 firm Speechly Bircham opened today (25 November) in the French capital with an 11-strong team, which will focus on private wealth tax planning as well as corporate and litigation services to private clients, private equity investors and corporates. Continue reading “International expansion: Speechly opens in Paris as Rouse and Tilleke Gibbins launch in Myanmar”
European expansion: Speechlys opens second Swiss base as Pinsents and OC bolster Euro offices through lateral hires
It’s been a year of highs and lows for private client firm Speechly Bircham which, after enduring flat revenues for 2012/13 and unsuccessful merger talks with rival private client firm Withers earlier in the year, has opened an office in Geneva this week. Meanwhile, both Pinsent Masons and Osborne Clarke have made key strategic hires to European offices.
Speechly Bircham has posted flat financials for the 2012/13 year following failed merger talks with Withers and a spate of partner exits.
The City-headquartered firm saw a slight drop in revenue to £57.5m from £57.6m in 2011/12, while profits per equity partner decreased from £299,000 to £293,000. Continue reading “Speechly posts flat financials but forecasts PEP boost next year”